The global crisis surrounding COVID-19 has delivered an unprecedented financial shock to Atlantic Canadians at a time when personal finances are already a source of stress for many.

The global crisis surrounding COVID-19 has delivered an unprecedented financial shock to British Columbians at a time when personal finances are already a source of stress for many.

Now in its eleventh wave, the MNP Consumer Debt Index has dropped five points since September (96 points), matching the lowest ever recorded back in March 2018.

According to Government of Canada figures, upwards of five million Canadians have applied for COVID-19-related income loss support since measures were announced in March.

The global crisis surrounding COVID-19 has delivered an unprecedented financial shock to Ontarians at a time when personal finances are already a source of stress for many.

The personal social and economic impacts of the COVID-19 crisis have been significant and are likely to worsen over the weeks and months ahead.

Amid ongoing concerns about the Coronavirus (COVID-19) outbreak around the world and close to home, we want to update you about what MNP LTD is doing to navigate the situation.

Accessing and using credit is easier than ever. And that’s certainly convenient for some. But for others it means accumulating balances and interest charges faster than they anticipate — or can manage.

Consumer Proposal is a formal offer to your creditors to settle your unsecured debt. It reduces the overall amount of debt you pay back while ensuring your creditors still recover a percentage of what’s owed to them.

A survey conducted by Ipsos on behalf of MNP LTD helps identify some of British Columbians’ costly money mistakes which could be contributing to the mounting consumer debt challenges across the province.